PPP Loan Data — The Apparel Group, LTD, Lewisville, TX
The Apparel Group, LTD
Entity: Limited Liability Partnership
Location: Lewisville, TXTweet This • Search All PPP Data
The Apparel Group, LTD is a limited liability partnership located at 883 Trinity Drive in Lewisville, Texas that received a Coronavirus-related PPP loan from the SBA of $2,385,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
The Apparel Group, LTD in Lewisville, TX received a Paycheck Protection Loan of $2.39M through Prosperity Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Apparel Group, LTD's 2019 payroll expenses are estimated to be at least $11.45M.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $78,434 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Apparel Group, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,385,700
Business Information - The Apparel Group, LTD in Lewisville, TX
883 Trinity Drive
Lewisville, TX 75056
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
NAICS code 424310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,874 businesses in the "Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers" industry received a total of $303.26M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 95% lower than The Apparel Group, LTD's reported 146 employees, and received an average PPP loan of $78,280, 97% lower than this company's loan of $2.39M.
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Footnotes & Information
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